Skip to main content

Home/ Spring 21 Capstone 640pm/ Group items tagged data vendor

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
nouhaila_zaki

M-Pesa - 2 views

www.investopedia.com/...mpesa.asp

M-Pesa Financial inclusion Kenya

shared by nouhaila_zaki on 07 Feb 21 - No Cached
  • One of the drives for Fintech innovations, like M-Pesa, is financial inclusion, which is mostly geared toward an underbanked or unbanked group of people.
    • nouhaila_zaki
      nouhaila_zaki on 07 Feb 21
       
      Financial inclusion is a main priority of M-Pesa.
  • M-Pesa is a virtual banking system that provides transaction services through a SIM card. Once the SIM has been inserted into the card slot of the mobile device, users can make payments and transfer money to vendors and family members with SMS messages. Users with no bank accounts can access the numerous M-Pesa outlets distributed across the country. The money that needs to be stored is given to the kiosk attendant, who transfers the amount in digital form to the user’s M-Pesa’s account. Cash collected from M-Pesa is deposited in bank accounts held by Safaricom. The bank accounts serve as regular checking accounts and are insured up to a maximum of 100,000 shillings (or $1000) by the Deposit Protection Fund. M-Pesa provides receipts as proof of transaction. For a transaction to take place, both parties have to exchange each other’s phone numbers because the phone numbers act as account numbers. After settlement, both parties receive an SMS notification with the full name of the counterparty and the amount of funds deposited or withdrawn from the user’s account. The mobile receipt, which is received within seconds, helps to promote transparency for all individuals involved in a transaction.
    • nouhaila_zaki
      nouhaila_zaki on 07 Feb 21
       
      This excerpt is important because it explains how this mobile banking service operates. 1. Payments are made through SMS messages. 2. Cash collected by M-Pesa is deposited in bank accounts held by Safaricom. 3. Phone numbers act as account numbers. 4. M-Pesa provides receipts as proof of transaction.
  • M-Pesa is a virtual banking system that provides transaction services through a SIM card. Once the SIM has been inserted into the card slot of the mobile device, users can make payments and transfer money to vendors and family members with SMS messages. Users with no bank accounts can access the numerous M-Pesa outlets distributed across the country. The money that needs to be stored is given to the kiosk attendant, who transfers the amount in digital form to the user’s M-Pesa’s account. Cash collected from M-Pesa is deposited in bank accounts held by Safaricom. The bank accounts serve as regular checking accounts and are insured up to a maximum of 100,000 shillings (or $1000) by the Deposit Protection Fund. M-Pesa provides receipts as proof of transaction. For a transaction to take place, both parties have to exchange each other’s phone numbers because the phone numbers act as account numbers. After settlement, both parties receive an SMS notification with the full name of the counterparty and the amount of funds deposited or withdrawn from the user’s account. The mobile receipt, which is received within seconds, helps to promote transparency for all individuals involved in a transaction.
    • ghtazi
      ghtazi on 08 Feb 21
       
      this article shows us how M-Pesa is a virtual system that provides transaction services through a SIM card. M-Pesa allows users to deposit, withdraw, transfer money, pay for goods and services (Lipa na M-Pesa), access credit and savings, all with a mobile device.
  • ...9 more annotations...
  • A farmer has no bank account and wants to deposit his commodity sale proceeds of 1,000 shillings goes to an M-Pesa outlet and deposits the money with the kiosk agent or attendant. The agent, in turn, uses her phone to access the client’s account with the client’s registered phone number and credit the account for 1,000 shillings.
    • ghtazi
      ghtazi on 08 Feb 21
       
      M-Pesa target customers are anybody who has a phone.
  • M-Pesa is a mobile banking service that allows users to store and transfer money through their mobile phones. M-Pesa was introduced in Kenya as an alternative way for the population of the country to have access to financial services. Safaricom, the largest mobile phone operator in Kenya, launched M-Pesa in 2007. The service is a blend of two entities where M means mobile and Pesa means money or payment in the Swahili language.
  • Financial inclusion is an initiative that seeks to include residents who have no access to banks or who can’t afford the required minimum deposits in the digital banking era. In order for this initiative to succeed, different sectors must collaborate in sharing data with each other and build a meaningful digital platform.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      I like how M-PESA gave opportunities for those who cannot afford to have bank accounts , an alternative to still have access to those services.
  • Through mobile payment services like M-Pesa, the standard of living in Kenya has improved greatly. Market traders, debt collectors, farmers, and cab drivers don’t need to carry around or transact in a large amount of cash. This means that the occurrence of theft, robbery, and fraud is reduced. Also, individuals and business owners don’t have to wait in long lines for hours to make their electricity and water bill payments because these can be made using M-Pesa.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      The mobile payment industry was revolutionized by M-Pesa. The value of this business in the financial industry is demonstrated by the fact that the term M-Pesa has a financial significance. I believe that by using digitalisation in a way that can benefit people and solve their problems, M-Pesa has gained its impact.
  • To combat fraud, Safaricom mandates that users of a Safaricom SIM card who want to register for M-Pesa have to do so with a valid government ID such as the Kenyan national identification card or a passport. This way, each transaction is marked with the identification of the party transferring, paying, depositing, or withdrawing money from an account.
    • ghtazi
      ghtazi on 13 Feb 21
       
      to combat fraud they use either a sim card, ID card, or passport. in this way every transaction made will be marked with identifications of the parties transferring money, paying or whatever action it was made.
  • To combat fraud, Safaricom mandates that users of a Safaricom SIM card who want to register for M-Pesa have to do so with a valid government ID such as the Kenyan national identification card or a passport. This way, each transaction is marked with the identification of the party transferring, paying, depositing, or withdrawing money from an account.
  • M-Pesa is one of the innovative tools that have been birthed from the collaboration of telecommunication and banking sectors in East Africa.M-Pesa began in Kenya and is being utilized in 10 countries, including India and Romania. Emergent technology in the financial sector, or Fintech, has made it possible for financial services and products, like M-Pesa, to be more accessible at small costs.M-Pesa makes it possible for unbanked people to pay for and receive goods and services using a mobile phone instead of utilizing a brick-and-mortar bank.
    • nourserghini
      nourserghini on 13 Feb 21
       
      this article explains that M-pesa is a virtual banking platform that gives the opportunity for unbanked or underbanked individuals to conduct transactions through a SIM card.
  • This cross-communication tactic used by M-Pesa is developing rapidly in sub-Saharan Africa, where the telecommunication and banking sectors are working together to create mobile banking services for those with limited access to traditional banking.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Mobile payment is progressively being used in emerging regions in which a large percentage of the population has little or no access to traditional banking such as Africa
  • Mobile money is increasingly being adopted in developing nations where a high percentage of the population has little or no access to traditional banking. Revolutionary services like Paga, MTN Mobile Money, Airtel Money, and Orange Money are disrupting the traditional payment systems used frequently by residents of emerging nations, by changing the economy from a cash society to a digital one.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects the increasing importance of mobile money i.e. as proposed by M-Pesa in developing countries.
  • hichamachir on 12 Feb 21
     
    M-Pesa revolutionized the mobile payment industry. The fact that the word M-Pesa got a financial meaning shows the importance of this company in the financial industry. I think that M-Pesa gained its influence by using digitalization in way that can help people and solve their problems.
mehdibella

Egypt's Fawry is now a billion-dollar company - 1 views

www.menabytes.com/fawry-billion-dollar

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 12 Feb 21 - No Cached
  • Fawry had witnessed a surge in its stock price during the first two months after its public markets debut but the price afterward remained almost flat until March – when they also saw it drop to one of its lowest points of EGP 7 per share. But since then, it has been on an upward trajectory – which also coincides with Covid-19.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      the pandemic has created a surge in demand for electronic payment services and Fawry being the leading player in Egypt benefitted a lot from that.
  • Fawry that is the only technology company on The Egyptian Exchange currently offers over 250 electronic payment services through its network of over 105,000 service points across 300 cities in Egypt – that include ATMs, mobile wallets, retail shops, post offices, and little vendor kiosks.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry has a large network of service points and diversified services spread out in different cities in Egypt.
  • The pandemic has created a surge in demand for electronic payment services and Fawry being the leading player in Egypt obviously has benefitted a lot from that – which is also evident from company’s just-announced financials for the second quarter.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      The demand for electronic payment services mainly provided by Fawry in Egypt increased in the context of the pandemic.
  • ...7 more annotations...
  • Share7KTweetShareWhatsAppEmail7K SharesEgyptian electronic payments company Fawry now has a market cap of over $1 billion. It achieved the feat during the intraday trading, with its share price rising to EGP 22.69 which gives it a market cap of EGP 16 billion or $1 billion (for the first time). With this, Fawry has become the first technology company in Egypt to get to the billion-dollar valuation.
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      It's important to keep in mind that Fawry started out small and then became the first technology company in Egypt to get a market cap of $1 billion.
  • Egyptian electronic payments company Fawry now has a market cap of over $1 billion. It achieved the feat during the intraday trading, with its share price rising to EGP 22.69 which gives it a market cap of EGP 16 billion or $1 billion (for the first time). With this, Fawry has become the first technology company in Egypt to get to the billion-dollar valuation.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      This achievement was partly, or mainly, due to the Covid-19 pandemic that pushed many people to place a high demand on Fawry's many e-payment solutions and services.
  • Its revenue for the first half of 2020 has increased by 47 percent (year-on-year) to EGP 549.26 million ($34.41 million) from EGP 373.33 million ($23.38 million) for the same period of 2019. The net profit of the company in H1 2020 has increased by over 135 percent YoY to EGP 85.9 million ($5.38 million) from EGP 36.47 million ($2.29) in H1 2019.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Fawry leads the Fintech Egyptian Market, its stock price has increased, and its revenue has increased as well in 2020.
  • Its stock price has increased by over 300 percent since its debut at The Egyptian Exchange in August last year. It had gone public with its shares priced at EGP 6.46 (per share).
  • Egypt's Fawry is now a billion-dollar company
  • Its stock price has increased by over 300 percent since its debut at The Egyptian Exchange in August last year. It had gone public with its shares priced at EGP 6.46 (per share).
    • mehdibella
      mehdibella on 13 Feb 21
       
      Fawry had witnessed a surge in its stock price during the first two months after its public markets debut but the price afterward remained almost flat until March -
  • Its revenue for the first half of 2020 has increased by 47 percent (year-on-year) to EGP 549.26 million ($34.41 million) from EGP 373.33 million ($23.38 million) for the same period of 2019. The net profit of the company in H1 2020 has increased by over 135 percent YoY to EGP 85.9 million ($5.38 million) from EGP 36.47 million ($2.29) in H1 2019.
    • mehdibella
      mehdibella on 13 Feb 21
       
      The pandemic has created a surge in demand for electronic payment services and Fawry being the leading player in Egypt obviously has benefitted a lot from that - which is also evident from company's just-announced financials for the second quarter
  • kenza_abdelhaq on 13 Feb 21
     
    "Fawry that is the only technology company on The Egyptian Exchange currently offers over 250 electronic payment services through its network of over 105,000 service points across 300 cities in Egypt - that include ATMs, mobile wallets, retail shops, post offices, and little vendor kiosks."
  • mehdi-ezzaoui on 13 Feb 21
     
    Fawry that is the only technology company on The Egyptian Exchange currently offers over 250 electronic payment services through its network of over 105,000 service points across 300 cities in Egypt - that include ATMs, mobile wallets, retail shops, post offices, and little vendor kiosks.
mehdibella

Cape Town goes cashless as mobile payment apps take off - BBC News - 0 views

www.bbc.com/...business-30184359

Fintech finance SouthAfrica snapscan

shared by mehdibella on 13 Feb 21 - No Cached
  • Fast paymentsViews like these account for the arrival of a number of different mobile payments options. SnapScan has garnered the most attention, but the sector also includes the likes of FlickPay, Zapper and GustPay.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This is useful because it states that other fast payment companies in the region's sector are FlickPay, Zapper and Gustpay, which makes them potential competitors for Snapscan.
  • SnapScan merchants receive a static QR [quick response] code - or SnapCode - identifier to display next to their tills.
  • "SnapScan does not charge shoppers any fees. Merchants pay a small transaction fee that is comparable or cheaper than using normal credit card facilities."
  • ...4 more annotations...
  • "SnapScan instead tries to give access to electronic payments to a large group of merchants who do not qualify for formal card payment facilities, or where card machines do not make sense," he says.
    • mehdibella
      mehdibella on 13 Feb 21
       
      I find that SnapScan is very useful as it provides its customers with an easy navigation platform, security, and a 10 min max sign-up process, in addition to many key features. Furthermore, This mobile payment app serves not only small startups and vendors but also larger merchants.
  • "We've seen a lot of interest from churches in the last few weeks, for instance, as the app allows for immediate, relatively large donations, while also eliminating the hassle of managing and administrating cash collections," he says.
  • "At its core, SnapScan is about giving everyone access to fast, convenient and safe electronic purchases," says co-founder Kobus Ehlers. "We designed the product to suit a wide variety of shops, from the largest retailer to a small street vendor selling fruit next to the side of the road."
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      SnapScan is offering fast, convenient, and safe electronic purchases.
  • Instead, she's one of a growing number of people in South Africa's Mother City who are leaving their wallets at home in favour of digital money apps."I use SnapScan," she says. "I love it. If I find someone using SnapScan I will buy something even if I wasn't intending to. "I find myself telling small coffee shops and vendors at markets that they should get it. I love not needing cash on me. I love not handing over my credit card."
    • ayoubb
      ayoubb on 13 Feb 21
       
      Snapscan
mbellakbail69

Fawry | IBM - 3 views

www.ibm.com/...ware-flashsystem-power-systems

shared by mbellakbail69 on 07 Feb 21 - No Cached
  • Fawry now supports millions of transactions daily for consumers and business through more than 90,000 locations (including groceries, pharmacies, stationaries and post offices), as well as through multiple alternative channels, including online, ATMs, and mobile wallets. The company’s client base and service offerings continue to expand, leading to rapid data growth. Abbas comments: "Our data has doubled in just the last eight months, and we expect it to grow even faster in the years to come.”
  • The technology offers data compression and deduplication features that enable Fawry to boost utilization of storage resources. Abbas adds: “IBM FlashSystem A9000R offers much greater performance than our previous storage platform, meaning that we get both optimized data economics and short response times. We were able to achieve a seamless migration to the new platform with zero downtime.”
  • Each day, Fawry processes 2 million financial transactions, giving Egyptians an easy, secure payment alternative to the complex, time-consuming procedures that are the norm. To help grow customer satisfaction and speed the roll-out of new services, Fawry deployed IBM® Storage, IBM Db2® and Oracle database on IBM Power Systems™ solutions.
  • ...6 more annotations...
  • With a population of over 100 million people, Egypt is a land of opportunity for consumer services providers. In a country where payment procedures are often slow, fragmented and complex, Fawry identified a gap in the market for a simple, secure omnichannel payment gateway.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces the need that Fawry was created to tackle and the market gap that it saw as an opportunity to prosper. It is very important to understand the core problem around which Fawry services were designed, in order to be able to design and develop strategies that are faithful to this same goal.
  • Fawry now supports millions of transactions daily for consumers and business through more than 90,000 locations (including groceries, pharmacies, stationaries and post offices), as well as through multiple alternative channels, including online, ATMs, and mobile wallets. The company’s client base and service offerings continue to expand, leading to rapid data growth. Abbas comments: "Our data has doubled in just the last eight months, and we expect it to grow even faster in the years to come.”
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      Fawry strives to make the life of their customer simpler. They have an e-commerce solution that links sellers to buyers that provide different methods of payment.
  • Fawry Putting Egypt on the global digital payments map
  • The company’s success is built on delivering consistently fast, dependable services alongside continual innovation. Seeing an opportunity to do more with its data, Fawry evaluated its technology infrastructure to ensure it was ready for the next phase in its evolution.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry focuses on fast and dependable services based on innovation. The company also works on making better use of the data collected to make informed decisions; while keeping in mind the importance of a good technology infrastructure ready for the implementation of any new phase.
  • Haytham Abbas, Infrastructure Director at Fawry, picks up the story: “When we launched in 2008, the average household had to deal with around 13 separate utility and service providers. Since they typically had to set up payments with each service provider separately, often by visiting a branch, this was a lot of hassle. We created an omnichannel digital payment network to make life easier for consumers and the businesses that serve them.”
  • Fawry has a long history with IBM, having chosen IBM solutions to underpin its business again and again over the last decade. The company relies on both IBM Db2 and Oracle database software running on IBM Power Systems to support its bespoke electronic financial platform, processing 2 million transactions per day. “Together, IBM Db2, Oracle database and IBM Power Systems solutions give us the ability to process huge transaction volumes,” comments Abbas. “They provide a powerful foundation for our business, and have scaled seamlessly as we’ve grown.”
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      To ensure that it selected the best offerings on the market for its latest refresh, the company's IT team undertook a thorough evaluation of storage and server options from multiple vendors.
  • chaimaa-rachid on 07 Feb 21
     
    Fawry aims to make their client's life easier. They have an e-commerce solution that connects sellers with buyers offering various payment methods.
  • ...1 more comment...
  • hichamachir on 12 Feb 21
     
    The success of the compnay relies on its partnerships. Fawry's partnership with IBM is brilliant because IBM can offer Fawry some advanced technology that can help improve the business.
  • hindelquarrouti on 13 Feb 21
     
    Fawri is a secure alternative to the traditional procedures. It is user friendly and Egiptians are benefiting from it.
  • kenza_abdelhaq on 13 Feb 21
     
    "The company's success is built on delivering consistently fast, dependable services alongside continual innovation. Seeing an opportunity to do more with its data, Fawry evaluated its technology infrastructure to ensure it was ready for the next phase in its evolution."
nourserghini

List of all Fintech companies in Kenya that you should check out - 0 views

www.tuko.co.ke/t-fintech-companies-kenya.html

Abacus data vendor Kenya Investech

shared by nourserghini on 13 Feb 21 - No Cached
  • Abacus is an online multi-asset class brokerage agent in Kenya. It is one of the few Fintech companies in Kenya that help local and international investors to access unit trusts, mutual funds, bonds, and stocks online. Through Abacus, Kenyans can save and invest in areas that give them the best returns for their money, without necessarily having access to a bank account.Abacus also builds mobile and web software platforms that help investors to access financial markets in Africa. The solutions it offers make it possible for people to research and invest online, anytime, anywhere. Because of the type of business it conducts, Abacus is licensed as a data vendor by Kenya’s Nairobi Securities Exchange.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This is interesting because it states that Abacus is one of the few fintechs in Kenya that provide help to local and international customers in investing. Another important aspect mentioned is that Abacus is licensed to be a data vendor from Nairobi Securities Exchange.
nourserghini

How little known Abacus is enabling Kenyans to Micro-invest in Securities on the Nairob... - 0 views

medium.com/...airobi-securities-e59f67346da9

Abacus Investech Mobile App Website Trading

shared by nourserghini on 08 Feb 21 - No Cached
  • A new Kenyan startup called Abacus (www.abacus.co.ke) is a licensed data vendor with the Nairobi Securities Exchange(NSE).Its been in existence since 2015 and just early this year,in partnership with Genghis Capital and Chase bank,they began offering subscribers the ability to deposit,buy,sell and trade unit trusts,bonds and equities on their platform.
    • ayachehbouni
      ayachehbouni on 08 Feb 21
       
      Abacus helps investors in African markets make and execute faster, smarter, and more informed decisions by providing real time financial data, news, analysis and analytics tools and market access.
  • A new Kenyan startup called Abacus (www.abacus.co.ke) is a licensed data vendor with the Nairobi Securities Exchange(NSE).Its been in existence since 2015 and just early this year,in partnership with Genghis Capital and Chase bank,they began offering subscribers the ability to deposit,buy,sell and trade unit trusts,bonds and equities on their platform.
    • aminej
      aminej on 13 Feb 21
       
      Abacus offers very interesting investing opportunities for Kenyans who want to learn about trading through stocks, bonds and other securities. It will also reduce the number of people who are unbanked and encourage them to use these services in order to maximize profit
  • All in all,Abacus allows you to easily get started on the road to investing in the NSE,its available on the web through www.abacus.co.ke and the android app is available on the Google play store,A basic subscriber account is easy to set up and allows one to easily get started with practise trading with virtual funds and realtime NSE data on market open so that one can learn.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article shows that Abacus makes investing easier through its website and android app that allow trading with virtual funds and real market data.
nourserghini

Swvl's co-founder and former COO is building a fintech to offer commercial credit solut... - 0 views

www.menabytes.com/mahmoud-nouh-capiter

Capiter ML model Egypt

shared by nourserghini on 12 Feb 21 - No Cached
  • Capiter, according to its website, offers on-demand cash flow solutions to small businesses and vendors, paying vendors immediately for the goods they sell to small business buyers and then collecting payments from the buyers using flexible payment plans. There are not a lot of details on the website but it would be safe to assume that Capiter makes money by charging a fee, interest, or a combination of both from the small businesses using its solutions.
    • aminej
      aminej on 12 Feb 21
       
      I like this service provided by Capiter because it helps young entrepreneurs and SMEs to maximize their profit. Transactions between supplier and customer happen in a smooth way so that each one is happy. They still have some concerns when it comes to raising money but I'm sure they gonna make it because it is an innovative service that would help a lot of people
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article precisely describes how Capiter pays vendors immediately for the sold merchandise and collects small business' payments all while allowing a flexible payment and charging an extra fee or interest.
  • “Capiter’s unique technologies and sophisticated ML models empower businesses to increase their sales, grow their customer base and improve their cash flow,” the startup notes on its LinkedIn page.
    • nourserghini
      nourserghini on 13 Feb 21
       
      According to the startup notes, Capiter has a unique and sophisticated machine learning models that help it perform efficiently and increase their cash flows. It would be very interesting to discover the uniqueness of their model.
mehdibella

News - SU first university in SA to go cashless... - 0 views

www.sun.ac.za/...DispForm.aspx

Fintech finance SouthAfrica snapscan

shared by mehdibella on 13 Feb 21 - No Cached
  • ​​Stellenbosch University (SU) is the first university in South Africa to make use of the SnapScan in-app payment solutions for payments on its campuses, so that students no longer have to carry cash with them for certain payments.
  • SnapScap is a mobile application that enables cashless payments. Initially two of SnapScan's in-app payment mechanisms will be available for students to do bill payments for their student fees, as well as for pre-paid internet and printer credits. These payments previously had to be made (in cash or with card) at the University's cashiers in the central administration building
    • samiatazi
      samiatazi on 13 Feb 21
       
      I think, it is an outstanding idea to integrate this mobile payment app to SU financial system. likewise, this implementation will be beneficial for other institutions such as AUI because we as students struggles sometimes to pay when we forget carrying our cash-wallet, especially that it is the only payment instrument. I addition, we will have more control over our money in terms of choosing to spend it inside or outside the University.
  • Apart from SnapScan in-app payments, students also have an online option on the SU's website where they have the options of pre-paids (for internet, meals, washing, printing credits and rides) and bill payments (for student fees).
  • ...5 more annotations...
  • SU is one of more than 50 000 merchants and vendors in South Africa to embrace the SnapScan technology. SnapScan integrates with the University's financial systems to ensure that less cash is in circulation on its campuses. 
  • ​​Stellenbosch University (SU) is the first university in South Africa to make use of the SnapScan in-app payment solutions for payments on its campuses, so that students no longer have to carry cash with them for certain payments.
  • “The University is constantly renewing itself by adopting smart technology to create a better, simpler and safer environment for students and the broader campus community,"
  • SU is one of more than 50 000 merchants and vendors in South Africa to embrace the SnapScan technology. SnapScan integrates with the University's financial systems to ensure that less cash is in circulation on its campuses.
  • Using the SnapScan app is quick and effortless. It is free to use, and just requires data or wifi. Students need to download the SnapScan app to their smart phones from their app store and complete a quick registration process to add their card details. Thereafter
    • mehdibella
      mehdibella on 13 Feb 21
       
      I think, it is an outstanding idea to integrate this mobile payment app to SU financial system. likewise, this implementation will be beneficial for other institutions such as AUI because we as students struggles sometimes to pay when we forget carrying our cash-wallet, especially that it is the only payment instrument. I addition, we will have more control over our money in terms of choosing to spend it inside or outside the University.
nouhaila_zaki

Fawry's market cap swells to over $2 billion - MENAbytes - 1 views

www.menabytes.com/fawry-2-billion

Fawry Egypt Stock Market Pandemic

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • ess than six months after becoming the first billion-dollar technology company in Egypt, Fawry has hit another milestone by surpassing the $2 billion market cap for the first time. Its stock has doubled in the last six months and closed at an all-time high of EGP 46.90 today, pushing its market cap to over EGP 32 billion. This makes it the fourth most valuable company listed on The Egyptian Exchange (EGX) and it seems that it’s only a matter of days before it takes the second position. The Egyptian payments firm had gone public in August 2020 by listing its shares on EGX at the price of EGP 6.46 per share. The share price has surged over 7x after company’s public market debut about eigtheen months ago.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Rapid Stock growth of Fawry after introduction in the Egyptian Exchange On August 2020. It is currently the fourth most valuable company listed in the EGX.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it discusses Fawry's market cap which increased to $2 billion in 2021, thus becoming the fourth most valuable company listed on the Egyptian stock exchange. Fawry is also expected to take the second position in a matter of days.
  • Being the leading the electornic payments player in Egypt, Fawry is arguably the biggest benificiary of acceleration of digital payments there. It offers hundreds of electronic payment services through its network of over over close to 200,000 service points across Egypt – whcih include ATMs, mobile wallets, retail shops, post offices, and vendor kiosks. Fawry has introduced many new payments and lending products for both consumers and businesses over the last tweleve months and is apparently on additional new services too that are expected to be rolled out within the next few months.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Large network and diversified services related to payments makes Fawry the leading electronic payments player in Egypt and the only technology stock listed on the Egyptian Exchange.
  • Fawry is yet to announce the results for fourth quarter of 2020 but for the first nine months of last year, the company made about $57 million (EGP 892.7 million) in revenue, an 45.2 percent increase year-on-year basis. For the same period, it doubled its net profit (on a YoY basis) to $7.5 million (EGP 119 million). The company has been witnessing decent growth over the last few years but it seems that Covid-19 has accelerated it even further.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects how the covid-19 pandemic accelerated the growth and increased the net profit of Fawry.
  • hindelquarrouti on 13 Feb 21
     
    Fawry is experiencing a drastic growth and it is becoming the leading electronic payments company in Egypt. It is benefiting from the acceleration of digital payments in Egypt.
mehdi-ezzaoui

Ethio-Pay Celeb - 0 views

Ethio-Pay Celebrates Official Launch, Finally   Consumer pressure urged the last bank to join the integration line   The belated national e-payment switch, Ethio-Pay, serving the integr...

Ethippay

started by mehdi-ezzaoui on 12 Feb 21 no follow-up yet
mehdi-ezzaoui

Ethio-Pay Celeb - 0 views

Ethio-Pay Celebrates Official Launch, Finally   Consumer pressure urged the last bank to join the integration line   The belated national e-payment switch, Ethio-Pay, serving the integr...

Ethiopay

started by mehdi-ezzaoui on 12 Feb 21 no follow-up yet
1 - 11 of 11
Showing 20▼ items per page